Guidelines and Procedures

Abstract: The Revised Guidelines aim to improve the cancellation process and its governance framework, as well as ensure optimal utilization of Bank resources. They provide staff in the Operations and Finance Complexes with standard procedures for cancellation of approved loans, grants and guarantees. They provide criteria for Regional Member Countries and regional economic communities (RECs) for initiating cancellation of approved loans, grants and guarantees. They further facilitate improved coordination and communication within the Bank and between the Bank and co-financiers (multilateral and bilateral) on cancellation issues. They are aligned with the Delegation of Authority Matrix (DAM), the organizational structure and the General Conditions approved by the Boards in 2008. They are complemented by the following Bank documents: “The Loan or Protocol Agreement”, “The Disbursement Handbook”, “Bank Group Policy on Portfolio Review and Restructuring”, “Bank Group Policy on Utilization of Loans Savings”, and “The Presidential Directive on the Continuity of Operations and Engagement with De Facto Governments in Regional Member Countries”.